secwatch.observer — SEC 8-K summary
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Issuer:     EXICURE, INC. (XCUR)
CIK:        0001698530
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001698530-23-000016
Event type: regulatory
Sentiment:  negative
Materiality: 0.80
Item codes: 3.01, 7.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Exicure Receives Nasdaq Delisting Notices, Appoints Three New Directors, Closes Private Placement
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- On Feb 21, 2023, Exicure received Nasdaq notice for non-compliance with compensation committee requirements due to resignation of Jeffrey L. Cleland.
- Exicure also received second Nasdaq notice for non-compliance with independent director and audit committee requirements; must submit compliance plan within 45 days.
- Effective Feb 24, 2023, board appointed Paul Kang, Hyukku Lee, and Changil Ahn as directors; Elizabeth Garofalo resigned.
- Private placement with CBI closed on Feb 24, 2023, issuing 3,400,000 shares at $1.60 per share.
- Company believes it can rely on Nasdaq's controlled company exemption for some requirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698530/000169853023000016/0001698530-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698530/000169853023000016/xcur-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001698530-23-000016

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